Bitcoin Blockchain overview
Bitcoin is the first and most widely known application of blockchain technology. Introduced in 2008 by an anonymous person or group under the pseudonym Satoshi Nakamoto, Bitcoin aimed to create….
Tag: cryptocurrency
Comparison of PoW vs PoS
Proof of Work (PoW) and Proof of Stake (PoS) are two of the most widely used consensus mechanisms in blockchain technology. Both play a vital role in ensuring the security….
Proof of History (PoH)
Proof of History (PoH) is a novel consensus algorithm designed to improve the scalability, speed, and efficiency of blockchain networks. Unlike traditional consensus mechanisms like Proof of Work (PoW) and….
Proof of Authority (PoA)
Proof of Authority (PoA) is a consensus algorithm that operates on the concept of identity and trust rather than computational power or stake in the network. PoA is typically used….
Practical Byzantine Fault Tolerance (PBFT)
Practical Byzantine Fault Tolerance (PBFT) is a consensus algorithm designed to ensure that a distributed system, such as a blockchain network, remains functional even if some of its participants (nodes)….
Delegated Proof of Stake (DPoS)
Delegated Proof of Stake (DPoS) is a variation of the traditional Proof of Stake (PoS) consensus mechanism used in blockchain networks. It aims to improve the performance and scalability of….
Proof of Stake (PoS) explained
Proof of Stake (PoS) is a consensus mechanism used in blockchain networks to validate transactions and secure the network. It is considered a more energy-efficient alternative to Proof of Work….
Proof of Work (PoW) explained
Proof of Work (PoW) is one of the most widely used consensus mechanisms in blockchain networks, especially in cryptocurrencies like Bitcoin. It is a way for a decentralized network of….
What is Blockchain?
Blockchain is a revolutionary technology that has changed how data is stored, secured, and shared. It is best known as the foundation behind cryptocurrencies like Bitcoin, but its potential applications….
XR for cryptocurrency transaction visualization
1. Introduction: The Need for Better Crypto Data Representation Cryptocurrency transactions exist as abstract blockchain entries—complex strings of data that challenge even experienced traders to interpret. Extended Reality (XR), encompassing….